84323

ZIPSAFMR

Cache County, UT

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$970	$1,070	7.1%
1 BR	$980	$1,060	5.3%
2 BR	$1,280	$1,370	6.8%
3 BR	$1,770	$1,850	6.1%
4 BR	$2,130	$1,890	6.2%
5 BR	$2,450	Not available	6.2%
6 BR	$2,817	Not available	6.2%
7 BR	$3,239	Not available	6.2%
8 BR	$3,725	Not available	6.2%

Purchase Price Calculator

Maximum purchase price

$141,665

Cost breakdown

+Likely effective rent$1,370

HUD FMR$1,280

Market rent$1,420

Est. payment standard (107%)Used$1,370

-Principal and interest-$716

Loan amount$113,332

Down payment$28,333

Rate6.50%

Term30 years

-Operating costs-$454

Property taxes-$142

Insurance-$175

Utilities$0

HOA$0

Management-$137

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,153(78.2% ROI)

Projected value

$152,558

Return breakdown

Property appreciation+$10,893

Loan principal paid down+$4,060

Rental cash flow+$7,200

5-year hold

+$37,857(133.6% ROI)

Projected value

$160,281

Return breakdown

Property appreciation+$18,616

Loan principal paid down+$7,241

Rental cash flow+$12,000

10-year hold

+$80,932(285.6% ROI)

Projected value

$181,343

Return breakdown

Property appreciation+$39,678

Loan principal paid down+$17,254

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.72ratio

FMR$970

Market$1,340

vs market-$370

FMR is below market; voucher rent may lag private rents.

0.72

1 BR

0.88ratio

FMR$980

Market$1,110

vs market-$130

FMR is below market; voucher rent may lag private rents.

0.88

2 BR

0.90ratio

FMR$1,280

Market$1,420

vs market-$140

FMR is near market; voucher and private rents are aligned.

0.90

3 BR

0.93ratio

FMR$1,770

Market$1,900

vs market-$130

FMR is near market; voucher and private rents are aligned.

0.93

4 BR

1.13ratio

FMR$2,130

Market$1,890

vs market+$240

FMR is above market; underwrite to market rent.

1.13

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 84323 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 84323 (Logan, UT) is $1,280 a month. That is up 2.4% from $1,250 in FY 2026. Logan is in the Logan, UT-ID MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,265. Among 20 ZIP codes in Cache County, 84323 is tied for the 11th-highest two-bedroom rent (county range $1,120–$1,580). The median county two-bedroom FMR in Utah is $1,158, so ZIP 84323 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 84323
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$950	$970	+2.1%	$873–$1,067
1BR	$950	$980	+3.2%	$882–$1,078
2BR	$1,250	$1,280	+2.4%	$1,152–$1,408
3BR	$1,740	$1,770	+1.7%	$1,593–$1,947
4BR	$2,100	$2,130	+1.4%	$1,917–$2,343

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 84323
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$970	$980	$1,280	$1,770	$2,130
FY 2026	$950	$950	$1,250	$1,740	$2,100
FY 2025	$920	$930	$1,180	$1,650	$1,980
FY 2024	$790	$840	$1,050	$1,480	$1,780
FY 2023	$630	$750	$940	$1,340	$1,600

Two-bedroom rent in nearby Cache County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 84323
84318	$1,300	+1.6%
84319	$1,480	+15.6%
84320	$1,120	−12.5%
84321	$1,230	−3.9%
84322	$1,280	0.0%
84323Current	$1,280	—
84325	$1,120	−12.5%
84326	$1,300	+1.6%
84327	$1,410	+10.2%
84328	$1,510	+18.0%
84332	$1,580	+23.4%
84333	$1,120	−12.5%

Questions about ZIP 84323 rents

How much will Section 8 pay for a two-bedroom in ZIP 84323?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,265, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,139 to $1,392 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 84323 in?

ZIP 84323 is in the Logan, UT-ID MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,265.

How much did fair market rent change in ZIP 84323 for FY 2027?

The two-bedroom FMR rose 2.4%, from $1,250 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 36.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Logan, UT fair market rent UT statewide rents What is SAFMR?Data sources